KUALA LUMPUR, May 10 — Serba Dinamik’s share price plunged by close to 70 per cent when trade resumed after a prolonged suspension yesterday as investors rushed to dump stocks of the troubled oil and gas firm accused of forging its revenue report.
“Investors must also look at whether there will be a white knight to save Serba Dinamik from its current condition,” said Vincent Lau, Rakuten Trade head of equity sales. Proprietary day trading and intraday short selling of Serba Dinamik’s shares were suspended yesterday.
“The market is always right”.
The market has spoken and it doesnt like what it sees
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KLCI ends at 2-month low; Serba Dinamik plunges 68%KUALA LUMPUR: The FBM KLCI closed 1% lower on Monday after lingering in negative territory for the entire session on broad-based selling.
Source: staronline - 🏆 4. / 75 Read more »
Global stocks and oil dive as investors hunt safe havens | Malay MailNEW YORK May 10 — Stock indexes around the world fell sharply, oil prices sank about 6 per cent and the dollar finished just off a 20-year high as investors fled risk and sought safe havens due to worries about inflation and slower global economic growth. Oil prices tumbled as coronavirus...
Source: malaymail - 🏆 1. / 86 Read more »
Japan’s spending dips amid worries over surging prices | Malay MailTOKYO, May 10 — Japan’s household spending dipped 2.3 per cent in March from a year earlier as the cost of fuel and other items surge, though the fall was smaller than expected. The decline was the first since December and due in part to the comparison with a sharp rise in spending a year...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks tumble on global anxieties over inflation and China lockdowns | Malay MailHONG KONG, May 9 — Asian stocks fell today as investors remained anxious over inflation and the ongoing impact of China’s Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including... Debt settlement
Source: malaymail - 🏆 1. / 86 Read more »
US stocks open lower, extending slump | Malay MailNEW YORK, May 9 — Wall Street stocks fell early today, extending a rocky run from the end of last week as markets weigh ongoing worries about inflation and higher interest rates. Investors will focus especially this week on Wednesday’s consumer price report as the Federal Reserve doubles down...
Source: malaymail - 🏆 1. / 86 Read more »
Premier League: 10-man Selangor 2 share spoils with Kelantan Utd | Malay MailSHAH ALAM, May 9 — Selangor FC 2 managed to hold out for a 1-1 draw against Kelantan United FC after being reduced to 10 men during their Premier League clash at the UiTM Stadium here tonight. Hosts Selangor 2 began the match in style when they shot ahead after just eight minutes thanks to a...
Source: malaymail - 🏆 1. / 86 Read more »